Whether you choose short-term or long-term rentals, learning and analyzing deals will help you make the best decision.

From the moment I contacted them, I knew that I had made the right decision.

Ultimately no one else can make this decision for you, and it sounds like it's you driving the decisions for both yourself and your sister. 

You are definitely going to want to get a lawyer and as soon as possible.This will sound harsh.In your story, you have made a number of very poor decisions about how you purchased and managed this property. 

Or taken in escrow.Free and clear you have an asset, you need to answer some numbers, before you make a decision.

You’re asking the right questions, and it’s great to see you thinking strategically.My Take on Your SituationSince you already own a rental and want to expand your portfolio, your main decision points are:1.How to pull equity to fund your next deal2.Whether to transfer your current rental into an LLC3.How to position yourself for long-term growthHere’s how I’d approach it:HELOC vs.

Also, if you’ve found certain markets more promising than others, what’s been driving your decisions?

There are several factors that affected my decision, the first being the rising condo fees. 

Remember, not every single decision in your life has to make financial sense.

I don't make that decision.